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Showing posts from November, 2021

What Is Cryptocurrency – How It Works, History & Bitcoin Alternatives

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Cryptocurrencies, or virtual currencies, are digital means of exchange created and used by private individuals or groups. Because most cryptocurrencies aren’t regulated by national governments, they’re considered alternative currencies — mediums of financial exchange that exist outside the bounds of state monetary policy. Bitcoin (BTC)  is the preeminent cryptocurrency and the first to be used widely. However, hundreds of cryptocurrencies exist, and more spring into being every month. Non-Bitcoin cryptocurrencies are collectively known as “altcoins” to distinguish them from the original.   What Is Cryptocurrency? An Introduction to Crypto Functionally, most cryptocurrencies are variations on Bitcoin, the first widely used cryptocurrency. Like traditional currencies, cryptocurrencies express value in units — for instance, you can say “I have 2.5 Bitcoin,” just as you’d say, “I have $2.50.” Due to their political independence and essentially impenetrable data security, cryptocur...

Get, set, GROWW!

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  With more than 1.5 crore users across 900+ cities, about 100+ team  members, and a 4.6-star rating,   Groww   is one of the fastest-growing investment platforms in India. Founded by 4 of Flipkart’s ex-employees- Lalit Keshre (CEO), Harsh Jain (COO), Ishan Bansal (CTO), and Neeral Singh (CFO),   Groww   also happens to be India’s first VC-backed unicorn in the investment tech industry. Based on their own experiences and that  o f their friends and acquaintances, the founders were of the opinion that the process of investing in financial products in India is too complex and non-transparent. Lalit Keshre (Co-founder and CEO) wanted to start up in a space that was not only big but also had a problem at the consumers’ end. He was of the firm belief that it is very important for an entrepreneur to be passionate about the problem he is solving. He had always been interested in investing and started investing since his first year in college. Despite the fund...

"POWER SECTOR "

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India's power sector is one of the world’s most diverse. Power generating options include coal, lignite, natural gas, oil, hydro, and nuclear power, as well as feasible non-conventional options including wind, solar, and agricultural and household waste. The country's electricity demand has risen fast and is anticipated to continue to climb in the coming years. To fulfill the country's growing need for energy, a huge increase in installed generating capacity is needed.          Advantage to India of rapidly growing power sector: 1. ELECTRIFICATION Achievements • India has been on track to meet the Saubhagya scheme's goal of 100% home electrification. The Saubhagya project had electrified around 26.2 million homes as of March 2019. • In the six years prior to the Union Budget 2021-22, 139 GW of built capacity, 1.41 lakh circuit km of transmission lines, and 2.8 crore homes were connected, according to the Union Budget 2021-22.   1. RENEWABLE ENERGY GROWTH IN...